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The Influence of the Energy Spot Market on “On-the-Microgrid-Markets”

Title data

Dorner, Verena ; Fridgen, Gilbert ; Trick, Rebecca:
The Influence of the Energy Spot Market on “On-the-Microgrid-Markets”.
2015
Event: Energy Informatics & Management 2015 , 19.06.2015 , Rotterdam, Niederlande.
(Conference item: Conference , Speech )

Official URL: Volltext

Abstract in another language

With the transition towards distributed energy resources (DER) for electricity gen-eration, new applications for information systems arise in enabling the development of innovative business models for grid control and operation. IS enables the merging of DERs and energy consumers into microgrids. Microgrids increase efficiency, e.g. through shorter transmission distances. Cost-savings due to these efficiency gains can be distributed among microgrid-participants via an “on-the-microgrid-market” platform. However, due to differences in the power plant parks and fluctuations in renewable energy generation, energy prices on the “on-the-microgrid-market” (OMM) are likely to differ from energy prices on the spot market. Based on the vary-ing prices in both markets, the supply- or the demand-side of the OMM may from time-to-time, prefer to trade on the spot market, which could cause the OMM to stop functioning. We develop an economic model to analyse the conditions, under which OMMs are a viable concept for energy trading. Our results indicate that OMMs can indeed function in competitive energy markets.

Further data

Item Type: Conference item (Speech)
Refereed: Yes
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management > Professorship Business Informations Systems and sustainable IT management- Univ.-Prof. Dr. Gilbert Fridgen
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 01 Jun 2015 09:53
Last Modified: 31 May 2017 13:16
URI: https://eref.uni-bayreuth.de/id/eprint/14349